Engage in Business Clause Examples
The "Engage in Business" clause defines the rights or restrictions of a party to conduct business activities during the term of an agreement. Typically, this clause clarifies whether a party is permitted to operate similar businesses, enter into competing ventures, or engage in commercial transactions outside the scope of the current contract. For example, it may allow or prohibit a contractor from working with other clients in the same industry. Its core function is to set boundaries on business conduct, thereby preventing conflicts of interest and protecting the legitimate interests of the parties involved.
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Engage in Business. Engage in any business, personal, or professional activities that could or does compromise Coach's fulfillment, on a full-time basis and in a constructive and professional manner, of the responsibilities specified in and contemplated by this Agreement.
Engage in Business. Engage directly or indirectly in any business other than the business engaged in by the Obligors and their respective Subsidiaries as of the Effective Date or any other business related to the education and/or training industry including, without limitation, the provision of goods and services or software in connection with the education and/or training industry;
Engage in Business. For a period of two (2) years after the ------------------ date hereof (such period hereinafter referred to as the "Noncompete Period"), ----------------- Xxxxx shall not, either for himself or for any other person or entity, directly or indirectly, carry on or engage in any business in the interactive entertainment software industry (the "Competing Area"), in any county of the -------------- State of California, State of the United States, province of Canada or country of the world in which, or in any geographic area where, Maxis carries on, is actually engaged in or currently contemplates doing such business, or maintains or currently contemplates maintaining sales or service representatives or employees for the purpose of carrying on or engaging in such business, or sells or currently contemplates selling, directly or indirectly, products developed by Maxis. "Carry on or engage in any business" within the meaning of this Section 2 ---------------------------------- shall include, without limitation, each of the following activities: to actually engage in, work with, have a financial interest in, advise, lend money to, guarantee the debts or obligations of, or permit one's name or any part thereof to be used in connection with, an enterprise or endeavor, either individually, in partnership or in conjunction with any person or persons, firms, associations, companies or corporations, whether as a principal, agent, shareholder, employee, officer, director, partner, consultant or in any other manner whatsoever; provided, however, that Xxxxx shall retain the right to invest in or have an interest in entities traded on any public market or offered by any national brokerage house, provided that such interest does not exceed two percent (2%) of the voting control of such entity. In addition, Xxxxx may (a) make passive investments in privately held entities that are determined by the Board of Directors of Electronic Arts not to be competitors of the Maxis business (not to be unreasonably withheld) and (b) maintain an ownership interest in Neighborhood or any of its successors in any amount.
Engage in Business. For purposes of this Section 1.3, the term “engage in business” shall include, without limitation, maintenance of business assets and properties, and dealings with actual or potential customers, licensees, suppliers, vendors, partners, channel affiliates or co-marketers, the principal business function of which is the Business.